Analysts revise Snowflake stock price targets after earnings report

Aside from the semiconductor producers, another benefactor of the artificial intelligence (AI) driven rally has been the cloud server sector, in which Snowflake (NYSE: SNOW) has been an up-and-coming candidate.A beat on earnings per share of $0.18 compared to $0.16 and revenue of $869 million compared to the expected $852 million in Snowflake’s Q2 earnings report on August 21 has prompted the leadership to raise its guidance for the upcoming quarter and the full financial year of 2025.However, Snowflake’s C ...